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XYZ SOLD A PIECE OF EQUIPMENT FOR $15,000 CASH. THE EQUIPMENT COST $22,000 AND HAD ACCUMULATED DEPRECIATION OF $7,000. WHAT AMOUNT WAS REPORTED ON THE STATEMENT OF CASH FLOWS AS "CASH INFLOW FROM THE SALES OF EQUIPMENT" AND WHICH ACTIVITY WAS IT INCLUDED IN ON THE STATEMENT OF CASH FLOWS? $0 INVESTING O $15,000 OPERATING O $15,000 INVESTING O $15,000 FINANCING PrtSc Ins F5 F6 F7 F8 F9 F10 F11 F12 & ) 8 %3D Y | J K + II oŏ 7 HI II 96

XYZ SOLD A PIECE OF EQUIPMENT FOR $15,000 CASH. THE EQUIPMENT COST $22,000 AND HAD ACCUMULATED DEPRECIATION OF $7,000. WHAT AMOUNT WAS REPORTED ON THE STATEMENT OF CASH FLOWS AS "CASH INFLOW FROM THE SALES OF EQUIPMENT" AND WHICH ACTIVITY WAS IT INCLUDED IN ON THE STATEMENT OF CASH FLOWS? $0 INVESTING O $15,000 OPERATING O $15,000 INVESTING O $15,000 FINANCING PrtSc Ins F5 F6 F7 F8 F9 F10 F11 F12 & ) 8 %3D Y | J K + II oŏ 7 HI II 96

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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XYZ SOLD A PIECE OF EQUIPMENT FOR $15,000 CASH. THE EQUIPMENT COST $22,000 AND HAD ACCUMULATED DEPRECIATION OF $7,000. WHAT AMOUNT WAS REPORTED ON THE STATEMENT OF CASH FLOWS AS "CASH INFLOW FROM THE SALES OF EQUIPMENT" AND WHICH ACTIVITY WAS IT INCLUDED IN ON THE STATEMENT OF CASH FLOWS? $0 INVESTING O $15,000 OPERATING O $15,000 INVESTING O $15,000 FINANCING PrtSc Ins F5 F6 F7 F8 F9 F10 F11 F12 & ) 8 %3D Y | J K + II oŏ 7 HI II 96
Transcribed Image Text:XYZ SOLD A PIECE OF EQUIPMENT FOR $15,000 CASH. THE EQUIPMENT COST $22,000 AND HAD ACCUMULATED DEPRECIATION OF $7,000. WHAT AMOUNT WAS REPORTED ON THE STATEMENT OF CASH FLOWS AS "CASH INFLOW FROM THE SALES OF EQUIPMENT" AND WHICH ACTIVITY WAS IT INCLUDED IN ON THE STATEMENT OF CASH FLOWS? $0 INVESTING O $15,000 OPERATING O $15,000 INVESTING O $15,000 FINANCING PrtSc Ins F5 F6 F7 F8 F9 F10 F11 F12 & ) 8 %3D Y | J K + II oŏ 7 HI II 96
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